PIONEER Act

The PIONEER Act creates a new 'regulatory sandbox' program that allows federal agencies to temporarily waive certain rules and guidance for businesses testing new products or services. The Office of Federal Regulatory Relief within the Office of Management and Budget would oversee the program, which requires applicants to submit detailed plans showing how they will protect consumers from health, safety, and economic risks. Agencies must review applications with input from private sector advisory boards and can grant waivers for up to two years, with the possibility of renewal. The program includes strict consumer protections, such as requiring public disclosure of the waiver status and maintaining liability for any harm caused, while also establishing procedures for appeals and annual reporting to Congress.